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Watching out for the fakes
By Doug Newhouse, 29 July 2010
The UK Treasury and the Royal Mint are both supporting an education campaign to warn retailers and citizens about fake one pound coins, after 2m of these counterfeit coins were taken out of circulation by the government last year.
The Royal Mint says that tell-tale signs that a one pound coin is 'a fake include a poorly milled edge' and an 'indistinct' image of the Queen of England's head on one side of the coin.
Other giveaway signs that all is not genuine include coins where the date and design on the reverse do not match (the reverse design is changed each year), or the lettering or inscription on the edge of the coin does not correspond to the right year.
Poorly milled edges on coins are also signs of counterfeit, as is lettering which is uneven in depth or spacing.
COUNTERFEIT GUIDELINES
In its guidelines to fight counterfeit, the Royal Mint adds that where coins should have been in circulation for some time, the colouring on counterfeit coins often appears more shiny and golden, with the coin showing no apparent sign of age.
Any retailers wishing to learn more about spotting counterfeit coins can do so by clicking below to take them to the Royal Mint website, where there s a selection of download links, including a guide for identifying genuine coins: www.royalmint.com/Corporate/facts/CounterfeitPoundCoins.aspx"
By Doug Newhouse, 29 July 2010
The UK Treasury and the Royal Mint are both supporting an education campaign to warn retailers and citizens about fake one pound coins, after 2m of these counterfeit coins were taken out of circulation by the government last year.
The Royal Mint says that tell-tale signs that a one pound coin is 'a fake include a poorly milled edge' and an 'indistinct' image of the Queen of England's head on one side of the coin.
Other giveaway signs that all is not genuine include coins where the date and design on the reverse do not match (the reverse design is changed each year), or the lettering or inscription on the edge of the coin does not correspond to the right year.
Poorly milled edges on coins are also signs of counterfeit, as is lettering which is uneven in depth or spacing.
COUNTERFEIT GUIDELINES
In its guidelines to fight counterfeit, the Royal Mint adds that where coins should have been in circulation for some time, the colouring on counterfeit coins often appears more shiny and golden, with the coin showing no apparent sign of age.
Any retailers wishing to learn more about spotting counterfeit coins can do so by clicking below to take them to the Royal Mint website, where there s a selection of download links, including a guide for identifying genuine coins: www.royalmint.com/Corporate/facts/CounterfeitPoundCoins.aspx"
News related to "UK Treasury;Royal Mint;counterfeit"
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• Product Authentication Kiosk (22 June 2009)
• eBay 'free' to sell fakes (27 May 2009)
• WorldWatchReport 2010 (31 March 2010)
• TFWA counters FCA tobacco allegations (9 July 2009)
• Product Authentication Kiosk (22 June 2009)
• eBay 'free' to sell fakes (27 May 2009)
OLDER NEWS IN THIS REGION
• Brown-Forman revitalises Chambord brand
(29 July 2010)
• Constant's timely generosity (29 July 2010)
• Rado adds digital timepiece (29 July 2010)
• LVMH sales up by 16% to $11.8bn in HY1 (28 July 2010)
• July issue of The Business (28 July 2010)
• Harold Gittelmon to run NY Marathon (28 July 2010)
• A fitting tribute to Michael Ashley Wynne (27 July 2010)
• Pernod Ricard's new structural changes (27 July 2010)
• Alain Maingreaud promoted (25 July 2010)
• Dufri's Sony '3D' cameras (23 July 2010)
• Constant's timely generosity (29 July 2010)
• Rado adds digital timepiece (29 July 2010)
• LVMH sales up by 16% to $11.8bn in HY1 (28 July 2010)
• July issue of The Business (28 July 2010)
• Harold Gittelmon to run NY Marathon (28 July 2010)
• A fitting tribute to Michael Ashley Wynne (27 July 2010)
• Pernod Ricard's new structural changes (27 July 2010)
• Alain Maingreaud promoted (25 July 2010)
• Dufri's Sony '3D' cameras (23 July 2010)
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